A company in difficulty is one that is no longer able to pay its creditors. Solutions and support are available to help you deal with this situation.
The Center for Enterprises in difficulty (CEd)
The Brussels-Capital Region provides preventative assistance to entrepreneurs in difficulty via its Center for Enterprises in Difficulty (CED). The CED provides information, advises and directs company heads and the self-employed who are encountering professional difficulties.
Reaching an agreement with creditors
How do you reach an agreement with creditors? There are two options: business mediation and judicial reorganisation. What’s the difference? Which is best suited to your situation? When should you use it?
Temporary measure: business mediation
The major economic crisis that we are living through threatens many enterprises with bankruptcy. Therefore, the Brussels-Capital Région made access to the judicial reorganisation procedure (PRJ) and business mediation easier. It also covers part of the procedural costs.
A bankruptcy is a legal procedure applicable to companies that can no longer meet their financial obligations. In other words, the reason for bankruptcy is “financial insolvency”. What are the steps in a bankruptcy? How do you declare bankruptcy? What is your liability?